Stock Rating Downgrade
The Value Trend Rating for Enphase Energy Inc (NASDAQ: ENPH) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Enphase Energy Inc (NASDAQ: ENPH) stock enjoyed a large increase of 3.6% on 7/29/22. The stock closed at $284.18. Moreover, trading volume in this advance was unusually high at 174% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 29.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ENPH is expected to continue to be a major Value Builder.
Enphase Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Enphase Energy has a very low Appreciation Score of 6 but a good Power Rating of 75, with the Low Neutral Value Trend Rating the result.